Elon Musk has raised concerns regarding government spending, particularly in relation to outgoing payments which often lack proper categorization and explanations. He highlights that all payments need to be checked against a "Do Not Pay" list, a step that should already be standard. Musk expresses shock over the possibility that around $50 billion in entitlements could be fraudulent, with a significant portion going to individuals without proper identification. He also criticized the Social Security Administration for permitting duplicate SSNs, contributing to potential fraud.
The above super obvious and necessary changes are being implemented by existing, long-time career government employees. It is ridiculous [these rules] didn't exist already!
When I asked if anyone at Treasury had a rough guess for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so $50B/year or $1B/week!
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